At a dinner given on September $2 at the Great Eastern Hotel by the Chinese Bankers' Association Shanghai plans for the raising of funds for relief work in the devastated districts of North China were discussed. There were present all of the prominent bankers of Shanghai as well as the compradores of tha foreign banks.
Mr, T. M. Chien, manager of the Bank of Communications, said that the Chinese Cotton Mill Owners Association had decided to contribute to the relief fund the sum of $1 for every existing loom of all the mills of South ¢ which according to his esting: would amount to about $400,000. The Association, said Mr. Chien, intended to raise $1,000,000, and had invited other bodies, such as the Chinese Bankers' Association, and the Flour Guild to do likewise, or to participate.
Mr. Nyi Yuan-fu, manager of the Salt Industrial Bank, said that his bank was willing to contribute a sum equal to the total monthly salary its entire staff in addition to the raising of $10,000 which he had previously promised to undertake.
Practically all those present promised (o follow the good example of the Salt Industrial Bank, besides which they pledged themselves to secure further contributions from other sources.
At a meeting held at the Chinese Cotton Mill ners' Association last Friday afternoon at which Mr. Hsu Ching-jen_ presided, the Shanghai Cotton Mill Owners' Association, the Shanghai Native Bankers' Guild and the Chinese Bankers' Association agreed to ce-operate for the present under the name of the Labour Relief Association. The headquarters of the new Associattion will be temporarily located at the Chinese Bankers' Association on Hongkong Road..It was decided that $100.000 should be raised' as temporary funds.
Text read from the printed page and cleaned; old type leaves the occasional error.